- Website: https://bytecoin.org/
- Launch: 2012
- Algorithm: CryptoNight
- Initials: BCN
- Block time: 120 seconds
- Total Coins: 184.47 billion BCN
- Reward: 65,000 BCN
The idea is good. But it seems the project is abandoned, the website last update is from 2016. The project comes from programmers and there is no one famous involved. The currency appreciated a lot for a short period of time, and immediately devalued, indicating that it could be some kind of cheating to earn money.
Bytecoin cryptocurrency works according to the principles that are radically different from ones the fiat currencies and their digital analogues use. We have created the currency that is convenient and reliable to use in the Internet. Alongside with this it needs modest amount of energy and human resources. This permits to get along without transaction fees.
You can increase Bytecoin network security through currency mining for which you get rewards in BCN. Bytecoin algorithms offer no advantage to GPU mining which means that you can mine with gain even on an average office computer. There is no need in buying ASIC devices.